Examlex
Explain why current social movements press for changes to international laws and agreements.
Novation
The act of replacing an existing obligation with a new one, effectively transferring the rights and duties to a third party.
Liquidated Damages
A contractual provision that determines in advance the amount of damages to be paid if a party breaches the contract.
Breaching Party
The party in a contract who fails to fulfill their contractual obligations, thereby violating the agreement.
Objective Impossibility
A situation where it is not possible to carry out a contract's obligations due to uncontrollable external circumstances.
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